Financial authorities in South Africa have recently demanded that cryptocurrency exchanges register by the end of the year or risk legal action. By the end of the year, South Africa’s Financial Sector Conduct Authority has mandated that cryptocurrency exchanges submit applications for operational licenses. Since accepting applications for licenses began
The crypto market has continued to evolve with the arrival of new memecoins. Those memecoins have captured the attention of investors with sudden price surges. SHIB2.0, the recently launched memecoin, has experienced a massive surge after its launch. Among the vast array of memecoins that have emerged, SHIB2.0 has recently
In order to safeguard investors, the Securities and Exchange Commission (SEC) of Thailand has announced new regulations for companies that offer services related to digital assets. In accordance with the new regulations, companies providing digital asset services must clearly communicate the dangers of investing in cryptocurrencies. A predefined message must
To safeguard investor funds, the Monetary Authority of Singapore (MAS) is considering mandating that crypto exchanges maintain a dedicated trust. On Monday, the Monetary Authority of Singapore (MAS) allegedly ordered cryptocurrency exchanges in the country to start holding customer funds in trust. By the end of 2023, all crypto trading
After a significant attack that compromised more than 57 assets across many blockchain platforms on Sunday, July 2, Poly Network temporarily shut down its operations. Poly Network, an interoperability platform, was severely hacked over the weekend when an attacker used a flaw in the cross-chain bridge protocol to generate billions
In the first quarter of the year, the Crypto market experienced remarkable growth and evolution, outperforming traditional assets. The crypto market has gained massive attention, which has increased institutional adoption. It demonstrates their potential as a haven in the face of impending monetary policy changes and ripples in the banking
Dior, the high-end fashion label, has introduced a new collection of men’s sneakers that come with their own non-fungible token (NFT) and utilize the Ethereum network. Dior announced in a tweet on Friday that Kim Jones, creative director of Dior Menswear, created a pair of trainers dubbed the B33 for
In a major shift for the cryptocurrency industry, Bitcoin’s percentage supply on exchanges has dropped to 11.7%, the lowest level in the last five years. Around 1.84 million wallet addresses have reportedly acquired 910,000 Bitcoins, a significant sum in light of the rising demand for Bitcoin. BlackRock’s application of a
What Does Metaverse Mean? The concept of the metaverse envisions an advanced form of the Internet where users can immerse themselves in 3D virtual environments, connected to create a persistent virtual universe, surpassing the limitations of physical space and time with the help of computers, VR technology, and 3D user
The popularity of meme coins has soared since the emergence of the Twitter CEO Elon Musk favourite Dogecoin (DOGE), captivating the crypto world with their unique appeal. Also, the cryptocurrency landscape is dynamic, which is constantly introducing new coins to the market. Among these, meme coins have gained significant traction,
